North Carolina Administrative Code
Title 21 - OCCUPATIONAL LICENSING BOARDS AND COMMISSIONS
Chapter 34 - FUNERAL SERVICE
Subchapter D - PRENEED FUNERAL CONTRACTS
Section .0100 - GENERAL PROVISIONS
Section 34D .0103 - INSURANCE-FUNDED CONTRACTS
A "preneed funeral contract," as defined in G.S. 90-210.60(5), is created when any person, partnership, corporation or association of individuals engaged in the business of providing funeral services or merchandise is named, with knowledge of being named, as a revocable or irrevocable beneficiary or co-beneficiary or assignee of a "prearrangement insurance policy," as defined in G.S. 90-210.60(4), regardless of whether specific funeral services or merchandise is selected. This example does not preclude the creation of insurance-funded preneed funeral contracts pursuant to other facts.
Authority
G.S.
90-210.69(a);
Eff. May 1, 1993;
Pursuant to
G.S.
150B-21.3A, rule is necessary without
substantive public interest Eff. August 19,
2017.